QUESTION:56 Gilde Industries is a division of a major corporation. Last year the division had total sales of $24,040,500, net operating income of $3,726,278, and average operating assets of $7,755,000. The company's minimum required rate of return is 18%. a. What is the division's margin? b. What is the division's turnover? c. What is the division's return on investment (ROI)? QUESTION:57 XYZ company has an ROE of 15%, a net profit margin of 6% and an asset turnover of 1.75. What is XYZ company debt (debt/asset) ratio? A. 1.43% B. 30.00% C. 43.00% D. 50.00%

QUESTION:56 Gilde Industries is a division of a major corporation. Last year the division had total sales of $24,040,500, net operating income of $3,726,278, and average operating assets of $7,755,000. The company's minimum required rate of return is 18%. a. What is the division's margin? b. What is the division's turnover? c. What is the division's return on investment (ROI)? QUESTION:57 XYZ company has an ROE of 15%, a net profit margin of 6% and an asset turnover of 1.75. What is XYZ company debt (debt/asset) ratio? A. 1.43% B. 30.00% C. 43.00% D. 50.00%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter11: Performance Evaluation And Decentralization

Section: Chapter Questions

Problem 27E: Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the...

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